How many phones sold to achieve breakeven point

Assignment Help Finance Basics
Reference no: EM13267679

U.S. Telephone Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling commission of 10% (based on the unit sales price per phone). Fixed manufacturing costs total $1,180 per month, while fixed selling and administrative costs total $2,240. How many phones must be sold to achieve the breakeven point?

Reference no: EM13267679

Questions Cloud

Evaluated and learned about leaders throughout course : Evaluated and learned about leaders throughout this course. Where do you see your greatest ability to provide leadership?
Explain how many glucose molecules does a fat cell : How many glucose molecules does a fat cell, which has a diameter of 2.47 micrometers, contain when its internal glucose concentration is 1.47 mM
What is the project discounted payback : Project K costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%. What is the project's discounted payback? Round your answer to two decimal places.
Solve the quadratic equation : Solve the quadratic equation x^2 + 10 = 7x geometrically (using VI-28). There are two positive solutions to this equation, modify your diagram so that both solutions are evident.
How many phones sold to achieve breakeven point : Fixed manufacturing costs total $1,180 per month, while fixed selling and administrative costs total $2,240. How many phones must be sold to achieve the breakeven point?
Explain the fat cell contains three copies of the protein : A spherical fat cell has a diameter of 2.47 micrometers. The fat cell contains three copies of the protein azurin. What is the molar concentration of azurin within the fat cell
Find the minimum angle between the ladder and the floor : A 6 m long 50 kg ladder leaning on a frictionless wall can successfully be scaled by a 120 kg man. find the minimum angle between the ladder and the floor
What is the project discounted payback : Project K costs $60,000, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 13%. What is the project's discounted payback? Round your answer to two decimal places.
Explain what is the molecular formula of the compound : A solution contains 11.00 g of unknown compound dissolved in 50.0 mL of water. (Assume a density of 1.00 g/mL for water.) The freezing point of the solution is -6.59 *C. The mass percent composition of the compound is 38.70% C , 9.74% H , and the ..

Reviews

Write a Review

Finance Basics Questions & Answers

  What will be the company stock price after stock split

SPU's stock is trade at $80 a share. The company is planning for a 2-for-1 stock split. What will be the company stock price after stock split.

  Calculation of beta and weighted average cost of capital

Calculation of beta and weighted average cost of capital and How asset betas should be used? What is the corresponding Cost of Capital

  Advantages and disadvantages to us corporation

What are the advantages and disadvantages to a U.S. corporation which employs currency options on euros rather than a forward contract on euros to hedge its exposure in euros?

  Calculate amortization

Reymont Company applied for a trade name, incurring legal costs of $18,000. In January of 2010, Reymont incurred $7,800 of legal fees in a successful defense of its trade name.

  Determining cost of equity as well as weighted average cost

Determining cost of equity as well as weighted average cost of capital and What would be the impact on its feasible project set

  Determine the approximate value of investment

LED Computer Electronics is planning an investment that will have cash flows of $5,000, $6,000, $7,000 and $10,000 for years one through four.

  Compute the selling price

If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180 day forward rate is 5.97 shekels each dollar, then the forward rate for Israeli shekel

  Research participants take a test of manual dexterity

Four research participants take a test of manual dexterity (high scores mean better dexterity) and an anxiety test (high scores mean more anxiety). The scores are as follows:

  Compute the variance of portfolio returns

Hyacinth Macaw invests 60% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 10 percent, and on J it is 20 percent.

  Determine the return on total assets

The financial leverage multiplier is an indicator of a corporation utilizing, In the DuPont system, the return on total assets is equal to,

  Annual coupon interest rate

Outstanding bonds have a $1,000 par value and will mature in 5 years, yield to maturity is 9%-Find out the bonds's annual interest rate?

  What is the net present value of the following cash flows

What is the net present value of the following cash flows? Assume an interest rate of 3.59%

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd